ANI PR Wire
11 Mar 2023, 12:30 GMT+10
New Delhi [India], March 11 (ANI/ATK): Memes have become the younger generations' social currency. Think about the times you sent or received a meme via text message. You probably did it to either start a conversation or to maintain a relationship with your friends. Memes have been the linchpin of many internet communities, particularly on sites like Reddit and Instagram.
It is no wonder that crypto enthusiasts may want to get in on the meme game as well. We can see this with the OG meme coin - Dogecoin. Dogecoin was created as a joke in 2013 by Billy Markus and Jackson Palmer. It quickly found a community due to its meme potential and even got the endorsement of figures like Elon Musk and Snoop Dogg. In January 2021, Dogecoin went up 800 per cent, and on May 5, 2021, the coin reached a market capitalization of USD 85 billion. Needless to say, DOGE soon inspired a legion of imitators.
The Dogecoin Killer
Shiba Inu, another Shiba meme coin, was created to be the 'Dogecoin killer'. It also found a community due to its charming and cute image and the support of Elon Musk and Vitalik Buterin.
Shiba Inu, unlike Dogecoin, is Ethereum-based (Dogecoin is Srypt-based). Despite a consistent downtrend during February and March, the SHIBArmy expects the pup's tail to start wagging again. Developer Shytoshi Kusama recently announced the launch of the beta version of Shiba Inu's Layer 2 ecosystem called Shibarium. It has also announced a new WAGMI (We're All Gonna Make It) Temple that will debut at the SXSW Festival. The WAGMI Temble will be a hub of health and wellness within the SHIB metaverse. According to CoinMarketCap, Shiba Inu ranks number 14 and has a market cap of over USD 6 million.
Join the Dogetti Family of Doggy Dons
Dogetti (DETI), the latest meme hound in the gang, is a force to be reckoned with. It is quickly on its way to reaching its first pre-sale goal, having sold nearly USD 7 million tokens and raised USD 468,439. Following a mafia aesthetic, Dogetti has created a close-knit and united 'family.' DETI believes creating a strong sense of camaraderie among holders builds a community that is passionate about the project's success.
Through its DogettiDAO feature, DETI gives its community a voice by allowing them to vote and decide on the project's direction. Its expansion into NFTs, implementation of a buy-back protocol, and commitment to charitable causes have turned investors' heads to the sharp-dressed pooch. Dogetti has made quite an impression on the crypto world.
Are Meme Coins the Future?
Meme coins are a fun, light-hearted addition to the crypto world, but some doubt the value and utility of these tokens. CoinMarketCap lists 300 cryptos in its meme coin section, but many cannot be actively traded. On the bright side, meme coins could have some utility in the future. The meme potential can inspire young people to learn about crypto and blockchain, and there is a potential to earn a profit when values rise. In conclusion, cryptocurrencies are risky and volatile, and investors should always trade cautiously.
Check out Dogetti here:
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
This story has been provided by ATK. ANI will not be responsible in any way for the content of this article. (ANI/ATK)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
CAPE CANAVERAL, Florida: In a landmark flight for three nations and a veteran U.S. spacefarer, a four-member astronaut crew launched...
New Delhi [India], July 2 (ANI): Union Minister of Communications Jyotiraditya Scindia slammed Congress President Mallikarjun Kharge...
Kolkata (West Bengal) [India] July 2 (ANI): West Bengal Irrigation Minister Manas Ranjan Bhunia has strongly condemned the alleged...
New Delhi [India], July 2 (ANI): The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near...
Accra [Ghana], July 2 (ANI): Ahead of Prime Minister Narendra Modi's visit to Ghana, members of the Indian diaspora in the country...